{"id":724,"date":"2011-08-25T14:08:48","date_gmt":"2011-08-25T19:08:48","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=724"},"modified":"2011-08-25T14:08:48","modified_gmt":"2011-08-25T19:08:48","slug":"4-steps-to-minimize-risk-of-owning-a-home","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2011\/08\/25\/4-steps-to-minimize-risk-of-owning-a-home\/","title":{"rendered":"4 STEPS to MINIMIZE RISK of OWNING A HOME"},"content":{"rendered":"<p>(1)\u00a0 stick with a fixed-rate mortgage.\u00a0 Yes rates are higher, BUT principal &amp; interest payments will remain the SAME.\u00a0 ARMs or adjustable mortgage rates are becoming more popular.\u00a0 (2) put- and keep &#8211; a home wrranty in place.\u00a0 Can be a God-send if you are short of cash.\u00a0 Also can upgrade your plan.\u00a0 Most sellers will pay for the 1st year.\u00a0 The 2nd year it may rise, but you pay for it then.\u00a0 (3)\u00a0 get repair bids and estimates, not just inspections.\u00a0 Legally an inspector cannot bid a repair, as it is a conflict of interest.\u00a0 Get these bids before your option period or continguency runs out.\u00a0 Although pest and roof contractors can give you a bid legally.\u00a0 (4)\u00a0 Buy for the 10-year plan, so you are not forced to sell in a down market.\u00a0 Try to plan ahead for 10 years and get a mortgage you can comfortably handle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(1)\u00a0 stick with a fixed-rate mortgage.\u00a0 Yes rates are higher, BUT principal &amp; interest payments will remain the SAME.\u00a0 ARMs or adjustable mortgage rates are becoming more popular.\u00a0 (2) put- and keep &#8211; a home wrranty in place.\u00a0 Can be a God-send if you are short of cash.\u00a0 Also can upgrade your plan.\u00a0 Most sellers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/724"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=724"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/724\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=724"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}